Zoosk Plans to IPO, Says Bloomberg News
Zoosk is planning to IPO, according to a report by Bloomberg News.
Reporters from Bloomberg quote unnamed sources who say that plans are underway.
The story states that Bank of America will lead the initial public offering, along with Citigroup and Royal Bank of Canada.
Oppenheimer & Co. and William Blair & Co. will serve as co-managers.
The move will see Zoosk, which claims 40m members, join the likes of SNAP Interactive and Spark Networks on the market.
Zoosk was founded in 2007 by two Iranian entrepreneurs Alex Mehr and Shayan Zadeh, and has expanded to reach a 2.9% market share.
The company said in May that their first-quarter revenue exceeded $40m and membership doubled.
Zooskâs revenue has been helped by offering date deals to those members who are searching, or have found, a partner.
